Jack Ma’s Ant Digital Unit To Tokenize $8.4 Billion In Energy Sector Assets

China’s Ant Digital Technologies, a unit of the Jack Ma-owned Ant Group, is tokenizing over $8 billion worth of energy infrastructure on its own blockchain [...]

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Ant Digital puts $8.4B of Chinese green energy assets on its blockchain

Ant Digital, the tech arm of Jack Ma’s Ant Group, is tokenizing $8.4 billion worth of energy assets to create a globally accessible green energy market. China’s biggest multinational firm is quietly moving to put energy infrastructure valued at over…

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Fintech Giant Ant Puts $8B in Energy Assets on Blockchain – Market and Snorter Token Set to Explode

China's investment in blockchain technology is growing. A fintech firm backed by Jack Ma has been quietly working on tying over $8.4B worth of energy infrastructure to its own blockchain.

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Diplomatic Crisis & Energy Security– U.S.-China-Iran Tensions Spark Investor Movement to Neo Pepe Coin ($NEOP)

U. S. Appeals to China Over Strait of Hormuz In a sharply escalating diplomatic standoff, the United States has formally appealed to China to pressure Iran into keeping the Strait of Hormuz open—a critical maritime artery responsible for around 20% of the world’s oil and liquified natural gas supply.

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China and Russia settle energy trades in Bitcoin, VanEck confirms

China and Russia are now reportedly settling select energy transactions using Bitcoin, according to a recent report by investment firm VanEck. The move marks a shift away from the U.S. dollar-dominated financial system and comes amid heightened global trade tensions.…

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Texas takes the cake in U.S. Bitcoin mining, here's how

The state's meteoric rise was propelled by affordable energy prices and a welcoming regulatory environment. It further gained momentum after China's crackdown on crypto mining activities in 202The post Texas takes the cake in U.

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Bitcoin clean energy usage reportedly exceeds 50% — Will Tesla start accepting BTC payments?

A Bloomberg analyst reported the percentage of energy used for Bitcoin mining coming from renewable sources had exceeded 50% due in part to miners fleeing China’s ban.

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How Texas Became a Global Mecca for Bitcoin Mining

Miners have flocked to the state since China banned mining in 2021, encouraged by cheap energy, grid incentives and an alignment of values. “Bitcoin is all about freedom,” says one miner. “And in my dealings with the utilities and the regulators, Texas is all about freedom.”

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Tracing the next steps in Shanghai's plans for the Metaverse

Shanghai wants to lead China's economic recovery by promoting the growth of metaverse goods and services, low-carbon energy initiatives, and smart terminal technology. The Shanghai government plansThe post Tracing the next steps in Shanghai's plans for the Metaverse appeared first on AMBCrypto.

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China pilots nationwide blockchain development over real-world use cases

Some of the key areas of blockchain development include manufacturing, energy, government data sharing and services, law enforcement, taxation, criminal trials, inspection, and cross-border finance.

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Another Entire Country Just Banned Crypto Mining

Less than one year after China announced its decision to crack down big time on crypto mining, another country has joined suit in a bid to ease soaring energy prices and blackouts. This week Kosovo, located in southeastern Europe, announced it’s banning mining after spending the last 60 days in a government state of emergency […]

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This lawmaker thinks Spain can lure miners from protest-stricken Kazakhstan

China’s crackdown on crypto mining sent local miners on a global hunt for places to host their machines. Factors like lead times to build out hosting sites, energy and labor costs, tax regimes, climThe post This lawmaker thinks Spain can lure miners from protest-stricken Kazakhstan appeared first on AMBCrypto.

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As China readies for world debut of e-CNY, could this country be its first remittance partner

If there's one country that started off 2022 with a lot of energy and a packed calendar, it was none other than China. After all, as the Beijing Winter Olympics draw closer, so does the launch day of The post As China readies for world debut of e-CNY, could this country be its first remittance partner appeared first on AMBCrypto.

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Kosovo bans crypto mining due to ongoing energy crisis

China's blanket ban on cryptocurrency mining last year unquestionably aided the distribution of Bitcoin's hash power across the globe. But it also could have posed a burgeoning energy crisis in some oThe post Kosovo bans crypto mining due to ongoing energy crisis appeared first on AMBCrypto.

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Kazakhstan struggles to accommodate new Bitcoin miners amid energy crisis

Following a harsh clampdown imposed by China on Bitcoin-related transactions, the exiled miners from China found refuge in Kazakhstan to mine Bitcoin without excessive government intervention. The post Kazakhstan struggles to accommodate new Bitcoin miners amid energy crisis appeared first on CryptoSlate.

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260 Miners Confiscated in China During Inspection of Subleased Factories: Details

Chinese authorities have seized over 260 mining machines since their owners have violated the "Energy Conservation Law"

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Crypto Miner Tariffs Proposed by Russian Minister of Energy Following Chinese Migration

Due to the recent bans on crypto mining in China, many have picked up shop and moved to Russia. This has caused significant power issues in those regions. The post Crypto Miner Tariffs Proposed by Russian Minister of Energy Following Chinese Migration appeared first on BeInCrypto.

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Russia Has No Plans to Ban Cryptocurrencies Unlike China, says Deputy Finance Minister

A Siberian region, which relies heavily on hydroelectric power and is known for its cheap electricity, also saw its energy consumption surging 159% due to an “avalanche” of crypto-mining. The post Russia Has No Plans to Ban Cryptocurrencies Unlike China, says Deputy Finance Minister first appeared on BitcoinExchangeGuide.

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Senator Ted Cruz Believes Excess Renewable Energy In Texas Presents A Great Opportunity For Bitcoin Miners

The ongoing cryptocurrency headwinds for miners in China continue to present endless opportunities to the United States with politicians now more than ever, turning their attention to the already burgeoning sector.

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Bitcoin (BTC) hashrate shifts to the US as states vie for miners’ attention

Months after China kicked out crypto miners citing environmental concerns of the industry, a report from Foundry USA has shown that miners emigrating to the United States are seeking renewable energy sources for their operations.

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Bitmain stops shipment of Antminer crypto mining rigs into China

Bitmain plans to identify green energy mining opportunities from power generation projects in Chinese provinces.

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How Fed Tapering, Energy Crises And China Blackouts Will Impact Bitcoin

Potential Federal Reserve tapering, blackouts in China and global energy crises are sending markets into turmoil. How does bitcoin fit in?

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YKC Charging Promotes 3-in-1 SaaS Platforms For the Charging Station Industry

China’s leading renewable energy SaaS provider, YKC Clean Energy Technologies (YKC Charging), highlighted the necessity for 3-in-1 SaaS platforms for the electric vehicle charging station market at...

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Top 5 Energy-Efficient Cryptocurrencies to Invest In

Bitcoin has been scrutinized for its heavy energy consumption all around the world, with China and few companies taking drastic measures. As most of the Bitcoin mining takes place with the help of coal power plants, the carbon footprint it leaves behind is massive.

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Bitcoin Miners Consider Relocating to Paraguay In Wake of China Ban

As many as eight China-based Bitcoin mining firms are said to be looking to relocate operations to Paraguay, home to abundant hydroelectric energy.

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Why Aren’t More Bitcoin Miners Setting Up Shop In Canada?

As more bitcoin miners migrate from China, they are hesitant to set up shop in Canada, despite abundant energy and a cool climate. But why?

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Bitcoin (BTC) Mining Getting Greener as Chinese Miners’ Exodus Continues

The United States is now the new hotspot for bitcoin (BTC) miners who have been forced to leave China since May. The events of the past months have effectively crashed Bitcoin’s energy usage and experts have predicted that over 40 percent of the global hashrate by 2022, will be controlled by North America, thanks toRead More

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Reports Show China Lost Bitcoin Hash Power Before Conducting The Crackdown

In recent times, China has made moves to halt all forms of Bitcoin mining in its vicinity. According to the government, the operation is consuming more energy than necessary. There have been concerns on how the crackdown will affect crypto prices, given that other countries also picked up the trend. China’s action led to a […]

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Bitfarms Green Energy Bitcoin Mining Hits Record High in July

Bitfarms has revealed in its production update released on July 14, 2021, that the recent bitcoin (BTC) mining difficulty reduction, coupled with the exodus of bitcoin miners from China, has had a positive effect on its production.

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Bitcoin: Was the Chinese mining crackdown really about the environment

The recent miner exodus from China has been one of the biggest bumps the Bitcoin ecosystem has faced since its inception. Initially marketed as a response to rising ESG concerns due to energy usage byThe post Bitcoin: Was the Chinese mining crackdown really about the environment appeared first on AMBCrypto.

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China Banned Bitcoin Mining. What Happens To Small Hydropower Stations Now?

This China Business News article about hydropower stations will blow your mind. It contains revelation after revelation and clears the situation up. Now that Bitcoin mining is prohibited, who’s consuming that energy? How has the government decision affected private enterprises? Well, you’re not going to believe this.

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Ethereum Data Platform Offers Energy Efficiency and Low Cost with Unique Consensus Mechanism

4th july 2021, Shenzhen, China — ETD (Ethereum Data) is an ecological sustainable blockchain computing platform that combines Ethereum smart contacts with shared DSB (Disk Storage banking) technology to contribute computing power to shared computational networks, powered by its native token (ETD Coin)  The unique platform has contributed to power networks such as the Berkeley […] The post Ethereum Data Platform Offers Energy Efficiency and Low Cost with Unique Consensus Mechanism appeared first on NullTX.

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“We Want You In Wyoming,” U.S. Senator Tells Bitcoin Miners

Outspoken conservative Republican Senator Cynthia Lummis has invited Bitcoin miners to her state of Wyoming. Speaking to CNBC, she expressed her approval of the ability of Bitcoin mining to use about 40% of renewable energy sources compared to traditional mining methods that only use about 12%.

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Bitcoin Greener Than Any Country or Industry Says Survey

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China: Bitmain-Funded Firm to Completely Decarbonize Its Crypto Mining Operations

SAITECH, a company aiming to solve the climate change crisis, plans to eventually power its crypto mining operations with 100 percent renewable energy, significantly reducing their carbon print emissions in line with China’s strong national policies on decarbonizing by 2060, a new report on June 29 shows.

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Small hydroelectric power plants put up for sale in China after cryptocurrency mining ban

Amid Chinese crackdown on cryptocurrency mining, many owners of small hydropower plants put their energy facilities up for sale. One can even buy them online.

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Hydropower Stations Up for Sale Amid China’s Crackdown on Crypto Mining

Small hydropower plants have been put up for sale in China as demand for their cheap energy decreases following the government’s crackdown on crypto miners. Just as with mining rigs, their prices have been going down, leaving owners with limited options to recoup their investments.

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Sichuan stops supplying power to BTC mining farms; Hashrate falls by 17%

Bitcoin’s hashrate has plunged by 16.94% over the past 24 hours after the Chinese province of Sichuan directed energy companies to stop providing BTC miners with power. A report unveiled this news on June 19, noting that the province took this step after a meeting between China’s Science and Technology Bureau and the Sichuan Ya’an […] The post Sichuan stops supplying power to BTC mining farms; Hashrate falls by 17% appeared first on Invezz.

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Bitcoin Miners to Be Driven to Use Green Energy by US and China: Insider Colin Wu

The US have almost passed a bill to force publicly listed companies to disclose their ESG metrics data

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China’s State Media Promotes Bitcoin Miners Going Green in Country & Points to Wasted Energy

Ahead of the politically sensitive 100th anniversary of the ruling Communist Party on July 1, the country is also trying to cool down speculation in other asset classes just like crypto. The post China’s State Media Promotes Bitcoin Miners Going Green in Country & Points to Wasted Energy first appeared on BitcoinExchangeGuide.

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Bitcoin (BTC) miners in China plot plans to ‘go green’

Some of China’s storied Bitcoin miners are planning to use more renewable energy sources to power their expansive mining rigs, local outlet CGTN said today. The post Bitcoin (BTC) miners in China plot plans to ‘go green’ appeared first on CryptoSlate.

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Bitcoin Network Gets Unprecedented Stress Test, Still No Buy Signal

Bitcoin price action is what everyone cares most about, however, the health of the network the asset underpins can have a dramatic impact on price action as the market has recently witnessed. A massive drop to the hash rate, China cracking down on miners, and energy FUD all contributed to one of the worst selloffs […]

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China crackdown potentially a positive for Bitcoin carbon footprint

As the cloud of a crypto crackdown in China looms large, the prospect of Chinese miners moving their rigs to renewable energy sources is one potential silver lining.

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China Requires Miners in Strategic Energy Region to Shut Down Operations Today, Community Expects BTC Hash Rate Drop

Chinese Xinjiang with large amounts of fossil resources requires Bitcoin miners to shut down their operations

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Sichuan Energy Officials Plan to Meet in June to Discuss Bitcoin Mining Implications

Ever since government officials in China started talking about cracking down on bitcoin mining and reiterating crypto guidelines from 2017, digital currency proponents and the media have been focused on this region.

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BOJ’s Kuroda Criticizes Bitcoin — Central Bank Governor Says Trading Is ‘Barley Used for Settlement’

Following the recent developments in China and the environmental concerns about bitcoin’s energy consumption, the Bank of Japan Governor Haruhiko Kuroda criticized the leading crypto asset bitcoin in an interview on Thursday.

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Chinese Crypto Miners Panic Sold, But Most Are Still Awaiting for Clarity from the Govt.

This changes nothing, with fundamentals remaining stronger than ever. It is rather a massive opportunity to make Bitcoin green & even more decentralized by having a new wave of mining operators outside of China using renewable energy The post Chinese Crypto Miners Panic Sold, But Most Are Still Awaiting for Clarity from the Govt. first appeared on BitcoinExchangeGuide.

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Bitcoin miners in China receive ’emergency notice’ amidst energy concerns

The Beijing Municipal Bureau of Economy and Information Technology has begun sending out “emergency notices” to local data centers, urging their operators to report whether they are involved in cryptocurrency mining, Reuters reported yesterday.

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Shark Tank’s Kevin O’Leary Will Only Buy ‘Clean’ Bitcoins — Says Institutions Will Not Buy ‘Blood Coins’ From China

Kevin O’Leary, aka Mr. Wonderful, says he will only buy “clean” bitcoins that are mined sustainably in countries that use clean energy. He says institutional investors are concerned about where bitcoins are mined and will not buy “blood coins” from China.

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